What a reversal. The market was weak the entire day and I tried to go long gold stocks most of the time. I picked BVN and ABX which did not move much while AEM the one that I passed on blasted off. I picked a couple of stocks to short last night but I did not watch them. EDU was one of them. When the market is weak why look for longs. The easy trades are from the short side. I got to remember this the next time.
- I have been trading for 5 years. It took close to a year before I became profitable. I find that I am improving gradually each year. My method of choice is scalping. My edge lies in tape reading NYSE stocks and staying on the side of the specialist. That is the method I learned when I started. As I build up my capital I will try new styles and trade new markets. In late 2006 my trading hit a rough patch after the introduction of the NYSE Hybrid system. For most of 2007, I have been on a search for new strategies that would help me adapt to the market.